Kurt Geiger has signed a five-year licensing deal to design, develop and distribute a footwear collection for premium handbag and accessories brand Radley.
The Radley footwear collection will debut for spring 2010 and will be sold via Kurt Geiger’s network of stores and concessions as well as being wholesaled. Radley will also stock the collection in its stores and will sell it to selected stockists of its handbags.
Kurt Geiger said the deal was part of its strategy to build a strong portfolio of brands. It already has the licences for French Connection and Nicole Farhi footwear.
Radley has sales of more than £60 million and is the market-leading handbag brand in the UK. It is sold via a network of department stores, including Debenhams and House of Fraser, as well as in independent retailers.
Kurt Geiger said it would draw on its 12-strong in-house design team to create the range. It has also hired Barbara Paleka, a buyer from footwear supplier Browning Group, to oversee the new Radley range.
Both Kurt Geiger and Radley are believed to have traded well through 2008. Kurt Geiger is expected to report double-digit profit growth from 2008, while Radley’s sales were up 12% for the first eight months of the 2008 financial year.